PWCM · Powercompute, Inc. · Documents
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of the date these financial statements are issued, management has not concluded that its plans are probable of mitigating the conditions and events that raise substantial doubt within one year after the date these financial statements are issued. Accordingly, substantial doubt about the Company's ability to continue as a going concern has not been alleviated.”View the 10-Q filed Aug 14, 2026
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PowerCompute, Inc. extended its US$1,250,000 loan from Brown Family Enterprises, LLC to December 31, 2027, effective October 31, 2026. The note bears 11% simple annual interest, and the lender waived specified prior defaults.
PowerCompute, Inc. asks stockholders on November 17, 2026 to authorize a reverse stock split ranging from one for two (1:2) to one for ten (1:10), with Board discretion over whether and when to implement it through December 31, 2027.
Powercompute, Inc. mined approximately 8.1 BTC in September 2026, up 37% from September 2025, generated approximately $89,000 in energy sales, and repaid its Arch facility in full with 267.4 Bitcoin, reducing total secured debt to $1.25 million.
PowerCompute, Inc.’s wholly owned subsidiary US Digital Mining Mississippi LLC replaced its prior Columbus Light and Water power contract with one supplying up to 11,000 kilowatts to its Columbus, Mississippi data center, with an initial term ending September 16, 2030.
PowerCompute, Inc. seeks approval for an additional reverse stock split, while the Board retains discretion through December 31, 2027; a 1-for-25 reverse stock split already restored Nasdaq minimum bid price compliance on July 27, 2026.
PowerCompute, Inc. fully repaid and terminated its Bitcoin-backed facility with Arch, reducing secured debt by approximately 94% to approximately $1.25 million and leaving no Bitcoin pledged.
PowerCompute anticipates installing 1,000 additional Bitmain Antminer S19 XP miners by September 30, 2026 and ordered 940 more for October, expecting approximately 862 PH/s of total hashrate, an approximately 11.8% increase over June 30, 2026.